These types of loans include popularly known as Yellow and Pink Loans.
Yellow Loan: This is a loan repayable within one (1) month at an interest rate of 5% per month. The requirement is thatit should guaranteed, a copy of the most current pay slip attached and ability to repay and is not pegged to deposits held by a member in the BOSA.
Pink Loans: This is a loan repayable within five (5) months at an interest rate of 25% flat rate.The requirement is that it should guaranteed, a copy of the most current pay slip attached and ability to repay and is not pegged to deposits held by a member in the BOSA.